Sportking India Buyback 2023 Record Date, Price, Profit Guidance

Last updated on March 9, 2023

Sportking India Buyback 2023 description – Incorporated in 1989, Sportking India is an integrated textile conglomerate. The company's yarn business is the largest strategic business unit which manufactures Cotton Yarns, Poly-Cotton Yarns, Fancy Yarns, Acrylic Yarns and Polyester Yarns. It also supplies knitted fabric and manufactures garments for Men, Women, Girls and Boys that are made available to customers through its own retail outlets.

The company consumes about 4 lakh bales of cotton every year. The company is associated with brands like Zara, H&M, Ikea, Jockey, Marks & Spencer etc. Its top five clients accounted for 24% of total revenues in FY 2021.

Sportking has seven manufacturing facilities in India spread across the states of Punjab and Himachal Pradesh. The present total installed capacity of the company is 2.72 lakh spindles for the manufacturing of Gray/Dyed Cotton/Cotton Blended/Synthetic Yarn. The company also owns 100 retail garment stores spread across India. Its capacity utilization in FY 2021 stood at 95%.

Letter of Offer Draft Letter of Offer Public Announcement Board Approval Upcoming Share Buyback

Small Shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as on record date.

Please enable JavaScript

BEETAL FINANCIAL AND COMPUTER SERVICES PRIVATE LIMITEDBeetal House, 3rd Floor99, Madangir, Behind Local Shopping CentreNear Dada Harsukh Das MandirNew Delhi – 110062Phone: +911129961281Email: [email protected]Website: www.beetalfinancial.com

MASTER CAPITAL SERVICES LIMITEDSCO 22-23, Sector 9D,Madhya Marg, Chandigarh – 160009Tel: +911724848000Email: [email protected]Website: www.mastertrust.co.in

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation's Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Sportking India share buyback opens on 15 March 2023 and closes on 28 March 2023.

Sportking India buyback is a tender offer.

Sportking India's buyback price is INR 950 per share.

Sportking India's buyback record date is 10 February 2023.

Sportking India's share buyback will be conducted through a tender process and investors who hold the shares on record date can place orders through their broker.